Broker comparison
TIO Markets vs Fusion Markets
This comparison of Tio Markets and Fusion Markets is built as a verification checklist rather than a ranking. Broker conditions differ by country and legal entity, and details like spreads, commissions and account terms can change at any time. Rather than relying on a snapshot, use the steps below to confirm the facts that matter for your own trading directly from each broker's current documents, alongside the full InvestorTrip reviews.
TIO Markets
Current broker data
- Rating
- 4.8 / 5
- Minimum deposit
- $50
- Regulator labels
- FCA
- Markets listed
- Forex, Metals, Energy, Stocks, Indices +2
- Editorial status
- High-attention notice
Editorial notice
TIO-branded entities have multiple distinct regulatory matters. UK: TIO Markets UK Limited remains FCA-authorised (Firm Reference Number 488900), but the UK Financial Conduct Authority has issued two clone-firm advisories — "TIO Market Trading" at tiomarkets-trading.com dated 28 September 2023 (FCA: https://www.fca.org.uk/news/warnings/tio-market-trading-tiomarkets-tradingcom-clone-fca-authorised-firm) and "TIO PreMarkets" at tiopremarkets.com dated 22 July 2024 (FCA: https://www.fca.org.uk/news/warnings/tio-premarkets-tiopremarketscom-clone-fca-authorised-firm). Both are described by the FCA as "not authorised by us but … contacting people pretending to be an authorised firm." Cyprus: TIO Markets CY Ltd (Cyprus Investment Firm licence 429/23, originally authorised 10 April 2023) is under examination for voluntary renunciation of its CySEC authorisation (CySEC register: https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/96336/). The genuine FCA-authorised UK entity operates at www.tiomarkets.uk. Readers should verify the domain and Firm Reference Number against the FCA Register before depositing.
Fusion Markets
Current broker data
- Rating
- 4.1 / 5
- Minimum deposit
- $0
- Regulator labels
- VFSC
- Markets listed
- Forex, Commodities, Indices, Cryptocurrencies, Stocks
- Editorial status
- No current notice
How to read this comparison
The facts below come from InvestorTrip's current broker database and linked review pages. They are a screening aid, not a claim that a broker is available, cheaper or safer for every country, account type or legal entity.
Step 1: Identify the regulated entity you would sign up with
Before comparing costs or platforms, establish which legal entity of each broker would hold your account as a resident of your country. Brands often operate several entities under different regulators, and rules on leverage, negative balance protection and compensation schemes attach to the entity, not the brand. Locate the entity name and licence number in each broker's legal or regulatory disclosure pages, then verify that licence on the regulator's own public register. If the entity serving your country differs from the one highlighted in marketing material, base your comparison on the entity that actually applies to you.
Key checks: Record the exact legal entity and licence number for your country from each broker's documents.; Verify each licence on the regulator's official register yourself.; Compare client money handling and any compensation arrangements per entity.; Note differences in leverage limits and negative balance protection between entities..
Step 2: Build a like-for-like cost comparison
A fair cost comparison starts with the account types you would realistically use at each broker, since pricing structures often mix spread-only accounts with commission-plus-raw-spread accounts. For the instruments you trade, gather current typical spreads, per-lot or per-trade commissions, and swap rates if you hold overnight positions. Then add non-trading costs: deposit and withdrawal fees, inactivity charges and currency conversion costs if your funding currency differs from the account base currency. Take all figures from each broker's current published schedules and record the date, because these numbers can move without warning.
Key checks: Compare equivalent account types rather than each broker's headline account.; Record current spreads and commissions for the exact instruments you trade.; Include swaps, withdrawal fees, inactivity charges and conversion costs in the total.; Date your notes so you know when the figures were last verified..
Step 3: Trial platforms and read the account terms
Documents tell you the rules; a demo account tells you how the platform behaves. Where demo access is available, test each broker's platform with the order types, timeframes and instruments your strategy needs, and confirm that the platform you prefer is offered to clients in your region. Read the client agreement for margin call and stop-out levels, restrictions on trading styles, and how withdrawals are processed and timed. A short pre-funding conversation with each support team is a useful, low-cost way to compare responsiveness before you commit money.
Key checks: Open demo accounts and test execution, charting and order types where available.; Check margin, stop-out and withdrawal terms in the client agreement.; Confirm platform and instrument availability for your country of residence.; Contact support with a concrete question and compare the answers you get..
Verdict
There is no universal winner between Tio Markets and Fusion Markets. Your decision should rest on the regulated entity that would hold your account, verified total costs for your specific instruments and account type, and first-hand platform testing. Read the full InvestorTrip reviews of both brokers, use the comparison tool, and confirm every material fact against each broker's current documents before funding an account.